Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Williams Blvd Fairfax, IA 52404

    • Land
    • 7.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Williams Blvd

    Lot size
    7.09 lot acres
    Property type
    Land

    Description

    This exceptional 7.09-acre commercial land parcel in Cedar Rapids, Iowa, presents a compelling investment opportunity. Located near Williams Blvd in the 52404 zip code, this property is currently zoned agricultural but is anticipated to transition to a Suburban Mixed Use Regional Center designation. The asking price is $709,000, translating to $100,000 per acre. While a portion (5 acres) is under contract with a national retailer, the remaining 7.09 acres offer significant potential for development. This site is ideally suited for senior housing or multifamily projects, given its size and location. Utilities are readily accessible from either the north or south lot boundaries. Importantly, the buyer of the adjacent 5-acre parcel will provide an access easement off Williams Blvd, ensuring convenient access. Prospective buyers are advised to independently verify the school district assignment. This property offers a unique blend of immediate access and future development potential, making it an attractive proposition for discerning investors. The property's location near Williams Blvd SW in Cedar Rapids provides excellent visibility and accessibility. This is a rare opportunity to acquire a sizable parcel in a growing area with high potential for future appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Linn
    State
    Iowa
    Longitude
    -91.7297
    Latitude
    41.9499

    Comparable in this City

    • Value Estimation by Request
      4.70 Acres

      22 Prairie View Ln

      Land • 4.70 Acres
      22 Prairie View Ln, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      1.39 Acres

      8915 Griswold Ln

      Land • 1.39 Acres
      8915 Griswold Ln, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      0.50 Acres

      Edgewood Rd

      Land • 0.50 Acres
      0 Edgewood Rd, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      13.41 Acres

      80Th St

      Land • 13.41 Acres
      0 80Th St, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      1,248 SF

      715 9Th Ave

      Farms • 1,248 SF
      715 9Th Ave, Cedar Rapids, IA 52404
      View Details
    • Value Estimation by Request
      15.00 Acres

      16Th Ave

      Land • 15.00 Acres
      0 16Th Ave, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Sale

    • $914,760
      3.50 Acres

      Prairie View Commercial Land - 3.5 Acres

      Prime Cedar Rapids commercial lot, 3.5 acres, $914,760.
      2 Earhart Ln, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing
      2.90 Acres

      Cedar Rapids Industrial Land

      Prime IA industrial land, flexible zoning.
      6201 16Th Ave, Cedar Rapids, IA 52404
      View Details
    • $481,969
      1.39 Acres

      Cedar Rapids Commercial Land

      1.39-Acre Commercial Lot, $481,969
      8915 Griswold Ln, Cedar Rapids, IA 52404
      View Details
    • $282,429
      1.09 Acres

      American Way

      Land • 1.09 Acres
      0 American Way, Cedar Rapids, IA 52404
      View Details
    • $400,000
      5.00 Acres

      Prime Cedar Rapids Industrial Lot

      5-Acre I-LI Zoned Land, $400K
      1405 26Th Avenue Ct, Cedar Rapids, IA 52404
      View Details
    • $256,029
      0.99 Acres

      Cedar Rapids Commercial Land

      Prime 0.99-acre commercial lot
      139 Audrey Way, Cedar Rapids, IA 52404
      View Details

    Similar Nearby for Lease

    • $150,000
      194,713 SF

      Cedar Rapids Commercial Land

      4.47-acre lot, prime location.
      8905 6Th St, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Commercial Lot Near I-380

      Commercial lot off I-380 in SW Cedar Rapids.
      10745 High Life Ct SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Land for Build-to-Suit Options

      Land available for build-to-suit, lease, or ground lease.
      2600 Edgewood Rd SW, Cedar Rapids, IA 52404
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for ground lease or build-to-suit.
      Council St NE, Cedar Rapids, IA 52404
      View Details
    • $9 SF/Yr
      10,846 SF

      Cedar Rapids Executive Office Building

      10,846 SF Office, Sale/Lease
      5900 6Th St, Cedar Rapids, IA 52404
      View Details
    • $7 SF/Yr
      120,120 SF

      380 Commerce Park: Industrial Space

      Modern Flex/Warehouse Space Available
      8205 6Th St, Cedar Rapids, IA 52404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Williams Blvd
    Fairfax, IA 52404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.